InvestMate

๐Ÿ’ถ EUR/USD What's next? ๐Ÿ’ถ

Long
FX:EURUSD   Euro / U.S. Dollar
๐Ÿ’ถ EUR/USD What's next?

๐Ÿ’ถ The EUR has scored another down week in a row comparing it to the US dollar

๐Ÿ’ถ All due to dire economic readings, the risk of falling into recession, as well as rising unemployment and falling exports.

๐Ÿ’ถ The Eurozone is in a bad situation, which has led to a flight of capital from the Zone to the US dollar.

๐Ÿ’ถ Today we found ourselves in the vicinity of the price of 1.057 from which there was an upward reaction.

๐Ÿ’ถ Looking at the lack of arguments for increases on the dollar and the Eurozone, I expect the occurrence of accumulation in the coming weeks.

๐Ÿ’ถ If today's bottom is defended I expect a slow cumulation of the price

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